We all have a hard-wired aversion to failure, especially when it comes to matters of money and investing. Good failures are those from which you develop a skill or insight that can be extended to another problem. Failing in investing is as important as it is for an innovative tech start-up, but I think that most investors fail badly. They fail badly because they don't know what to focus on, get frustrated when an investment doesn't work out immediately, and allow unreasoned fear and greed free rein to influence decisions. Because they fail badly, they learn nothing, so there is no way to ever become more skillful.

Source: Forbes September 28, 2017 16:07 UTC